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Viacom Gets More Play From Nickelodeon

Maxim Group raised the media giant's price target to $90 from $74.

We initiated coverage of Viacom on April 24, 2012, with a Buy rating, calling it the least liked but cheapest entertainment stock on Wall Street.

While Viacom (ticker: VIAb) stock has run (primarily due to multiple expansion), operations continue to improve. The turnaround of Nickelodeon (with the exception of Nick Jr.) and the switch to selling shows to Amazon.com...